Written answers
Tuesday, 28 July 2020
Department of Finance
Corporation Tax
Paul McAuliffe (Dublin North West, Fianna Fail)
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220. To ask the Minister for Finance if the State is responsible for the costs associated with the management of the funds of a company (details supplied) while they were in an escrow account; and if he will make a statement on the matter. [17992/20]
Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy will be aware, the State recovered the alleged State aid from Apple in full by September 2018. The total amount recovered was circa €14.3 billion (which is the principal and relevant EU interest). These sums are held in an Escrow Fund with the proceeds to be released only when there has been a final determination of the case by the European Courts.
All income, expenses, gains, and losses accrue to the Fund, including those associated with the management of the Fund.
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